QuickAF is intuitive and will prompt you if any information is missing. However, generally the following information is required to process your application:
Commercial deals
- Completed application form including all parties involved (partners, directors etc)
- Profit & Loss and balance sheets for last 2 years
- ID documents – copy/s of Driver Licence, Medicare card and/or passport
- Copy of current rates notice if home owner/buyer
Note: Hard copy financials may not be required if your client qualifies for a “Self Dec” or “Low Doc” commercial product.
Consumer deals and personal loans
- Completed application form
- Payslips for last 2 consecutive months
- ID documents – copy/s of Driver Licence, Medicare card and/or passport
- Copy of current rates notice if homeowner/buyer
- Spousal income contribution fields are currently unavailable for individual applicants.
When using spousal income contribution for individual applicants, include the spousal income contribution (no more than 50% of the spouses income) into the “other income” field and provide notes in your submission to confirm the other income amount is a spousal contribution.
What happens when I submit my application?
- Our team will review your application to ensure all relevant information and documentation has been supplied. If we require additional information, we will email you and amend the status of your deal to 'RFI - Referral Partner' as a request for information.
- Once all information has been verified, your application will move to a status of 'App Vetted - Ready for Submission'. The application will then be submitted to the lender for assessment.
- Once the application is approved our team will obtain a tax invoice from the supplier and prepare all relevant loan documents and contracts which are issued to the client on your behalf.
- Loan documents will then be sent to you and your client for signing.
- Once executed loan contracts have been returned and all approval conditions have been met, our team will then coordinate settlement with the lender.
- After settlement confirmation has been received from the lender, our team will advise you of this outcome via email.
You can view the application in QuickAF at any time by selecting 'Applications' and 'View all' from the Partner Dashboard. Click on the green + icon under 'Application ID/Opportunity ID', then select 'Actions' and select the desired option to open the application.
How do I know how my application is progressing?
For full service applications, automated email updates will be sent to the referring broker as the application progresses through each stage, including the most recent notes.
For more information on an opportunity submitted via ‘tick & flick’, please contact Amfin on 1300 393 061 or email apply@Amfin.com.au.
Can I use a previous QuickAF application for a client for a new transaction?
Yes. You can easily duplicate a previous QuickAF application to create a new application for your client by following these steps.
- Locate your previous client application in the "Applications" then "View all" section
- Click on the Duplicate Application icon under "Actions"
- Update the application as required.
All client information will be copied from your old application. Then follow the standard process.
Comments
1 comment
HI,
If I am going to do a $30,000 Personal Loan in QuicknFlick is the brokerage 35% of the total loan amount. How much will the broker receive in total? Please advise
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